Besides the Stochastic indicator which gives the hint when conditions are favourable to move in a certain direction,but not necessarily when,do look at the other indicators as well.
The ON BALANCE VOLUME(OBV) tells us if there are more buyers than sellers and vice
versa.
The MOVING AVERAGE CONVERGANCE/DIVERANGE(MACD) is very good as to whether the movement up or down and how long each position is likely to occur.The fatter the difference line the better.
AGL,BIL,SOL are at the bottom of the Stoch and climbing
AMS,ACL and IMP are at the bottom but there no confirming other signals yet
Near the TOP are KIO,EXXand SAB. Do use the other signals to determine how long they might remain there.
Finally the S andP is around 20% which usually favours the longs as it shows there is little pannick in the market at the moment.
As always only my opinion do your own research.
i
The ON BALANCE VOLUME(OBV) tells us if there are more buyers than sellers and vice
versa.
The MOVING AVERAGE CONVERGANCE/DIVERANGE(MACD) is very good as to whether the movement up or down and how long each position is likely to occur.The fatter the difference line the better.
AGL,BIL,SOL are at the bottom of the Stoch and climbing
AMS,ACL and IMP are at the bottom but there no confirming other signals yet
Near the TOP are KIO,EXXand SAB. Do use the other signals to determine how long they might remain there.
Finally the S andP is around 20% which usually favours the longs as it shows there is little pannick in the market at the moment.
As always only my opinion do your own research.
i
